Posted at 23:30h
in
News
by KMFSLLP
Insurer Allstate Corp. will likely
grant an additional rebate to auto insurance customers due to
reduced driving during the coronavirus outbreak, Chief Executive
Officer Tom Wilson said in an interview on Tuesday.
...
Posted at 23:29h
in
News
by KMFSLLP
Life insurers face a challenging
year as rising unemployment from the coronavirus pandemic
reduces group benefit and retirement plan enrollment, and market
declines and credit deterioration weigh on asset-management
earnings, Sun Life Financial Inc's CEO said on Tuesday.
Posted at 23:27h
in
News
by KMFSLLP
Singapore's United Overseas
Bank reported a smaller-than-expected 19% drop in
first-quarter net profit, but it increased impairment charges in
a worsening macro economic environment due to the coronavirus
outbreak.
...
Posted at 22:42h
in
News
by KMFSLLP
Posted at 22:38h
in
News
by KMFSLLP
Insurer Allstate Corp. will likely
grant an additional rebate to auto insurance customers due to
reduced driving during the coronavirus outbreak, Chief Executive
Officer Tom Wilson said in an interview on Tuesday.
(Reporting by Suzanne Barlyn
Editing by Chris Reese)
Posted at 22:32h
in
News
by KMFSLLP
Western Union Co, the
world's largest money transfer firm, expects the second quarter
to be its weakest in 2020 in terms of revenue and profit margins
and is confident of improvement as COVID-19-related lockdowns
ease, its chief financial officer said on Tuesday.
Posted at 22:26h
in
News
by KMFSLLP
Markets are being a bit
optimistic in expecting a quick recovery from the economic hit
from the coronavirus outbreak and the resultant voluntary
shutdowns, DoubleLine Capital deputy chief investment officer
Jeffrey Sherman said on Tuesday.
Posted at 21:55h
in
News
by KMFSLLP
U.S. agencies are probing Wells Fargo &
Co's handling of the Paycheck Protection Program (PPP)
for coronavirus relief, the country's fourth largest lender said
on Tuesday.
...
Posted at 21:46h
in
News
by KMFSLLP
Canadian insurer Sun Life
Financial beat analyst estimates for first-quarter
underlying profit on Tuesday, driven in part by higher investing
activity in Canada and the United States, although its bottom
line was hit by market declines.
Posted at 21:38h
in
News
by KMFSLLP
As the U.S. economy began
crawling out of recession in 2009, policymakers got a rude
surprise: a new round of intensifying problems in Europe
threatened to break up the euro zone currency union and weighed
on hopes of a faster global recovery for years to come.
